Muthoot Finance, one of Kerala’s most prominent non-banking financial companies (NBFCs), has reported record-breaking numbers for the fourth quarter of the financial year 2024–25. The company’s loan book has now officially crossed the ₹1 lakh crore mark — a significant threshold in India’s NBFC space.
As per its latest financial disclosures, the company’s consolidated loan assets stood at ₹1,22,181 crore, reflecting a 37% year-on-year growth. The standalone figure — that is, loans handled solely by Muthoot Finance without subsidiaries — reached ₹1,08,648 crore, marking a sharp 43% jump from the previous year.
The bulk of this growth, unsurprisingly, came from gold loans — the company’s bread and butter. The gold loan portfolio grew 41% year-on-year, totalling ₹1,02,956 crore. On average, each branch now manages around ₹21.21 crore worth of gold loans, the highest ever for the firm.
The fourth quarter also saw a major spike in new customers. In the three months ending March, nearly 18 lakh new borrowers (17,99,767, to be exact) took gold loans, amounting to ₹21,888 crore in disbursals. These are the highest numbers recorded for any quarter in terms of new customer engagement.
On the profit front, the company reported a consolidated net profit of ₹5,352 crore, up 20% from the previous year. The standalone profit also saw a healthy 28% rise, touching ₹5,201 crore.
In line with these earnings, the board has announced a dividend of ₹26 per share, translating to a 260% payout. That said, how this impacts long-term investor sentiment remains to be seen, especially in an interest-sensitive sector like NBFCs.
Interest income hit ₹15,586 crore, the highest the company has ever clocked. What’s more, Muthoot's gold lockers now store a record 208 tonnes of gold, a figure that, while striking, also underscores the extent of India’s reliance on gold as a credit asset.